Crypto Analyst Predicts Bitcoin (BTC) Price Crash to Levels Not Seen Since Previous Bear Markets

A crypto analyst is sounding the alarm on Bitcoin (BTC), forecasting a price crash that could drag it down to levels not seen since previous bear markets.

A crypto analyst is sounding the alarm on Bitcoin (BTC), predicting a price crash that could carry it to levels last seen during prior bear markets.

The analyst, Jacob King, CEO of WhaleWire, claims that technical analysis and observations of recent market behavior suggest a potential downturn for Bitcoin in the coming months. Citing recurring historical chart patterns, such as the ominous double-top formation that has preceded past market collapse, the analyst predicts that Bitcoin’s current price action is on the brink of repeating history.

This analyst has previously made bold predictions about Bitcoin, notably in December 2023 when he asserted that BTC had already peaked and was poised for a crash. At the time, King asserted that a double-top pattern was unfolding, setting the stage for a downturn.

In a recent post shared with his Telegram followers, King continues to maintain his bearish stance on Bitcoin, presenting an updated chart to support his prediction.

Historic Double Top Signals Bitcoin Crash

Bitcoin’s explosive rally past the $100,000 mark has reignited market interest, sparking various bullish predictions of a potential rally to its final cycle high. However, while some analysts see its recent price action as a bullish move to new highs, others are preparing for a crash to new lows.

Among them is crypto analyst and CEO of WhaleWire, Jacob King, who has predicted an upcoming crash in the Bitcoin price. The analyst shared a comparative chart, highlighting a recurring chart pattern that has preceded every major crash in Bitcoin’s price history. In all the past market cycles, BTC formed a distinct double-top pattern, signaling the end of a bull cycle and the beginning of a bear market.

For clarity, King’s chart shows four panels comparing Bitcoin’s price action during the past four-year cycles. The top left of the chart shows a double top pattern forming in 2017, followed by a steep crash after the cryptocurrency hit a second price peak.

On the top right chart, a smaller double top pattern occurred in 2019, leading to a price correction, though less severe than in 2017. A more evident double top pattern also formed in 2021, resulting in the historic market collapse and prolonged bear market that spanned from 2022 to 2023.

Now, the current 2025 Bitcoin structure closely resembles the same pattern from previous cycles, as history is about to repeat itself. The analyst’s chart shows that BTC is finally forming a market top, which could indicate the beginning of a bear market.

Moreover, King claims that Bitcoin’s price is already overvalued. He advises investors to exit the market, adding that every green candle presents a better opportunity to sell.

Analyst Flags Possible Market Manipulation

Beyond technical patterns and potential price crashes, King raises concerns about what could be fueling Bitcoin’s latest rally and volatility. The analyst argues that the recent rally above $100,000 isn’t driven by genuine demand but rather by Tether (USDT).

According to this view, the rapid creation of USDT is generating artificial buying pressure and printing exit liquidity for large holders who are now dumping their positions at inflated prices. King claims that the stablecoin’s issuance is being used by insiders to manipulate the price of Bitcoin, generating demand that doesn’t stem from actual fiat inflows.